Description

We are pleased to offer Westgate Square Shopping Center asan "Added Value" opportunity for your review. The Investment is 139,400-square feet of Retail Space in this ShopKo anchored Neighborhood Center.ShopKo is not part of the sale.There are two large spaces in the center available that the owners are offering a24 Month Rent Credit for: 54,013-square feet of Former Mall Space and 31,280-square feet that is part of the newly renovated section. The Buyer will receive acredit at closing for 100% of the 24 month Rent Credit. The remainder of thecenter is occupied primarily by national tenants such as Perkins Restaurant, OldCountry Buffet, Citifinancial, Dollar General and Get It Now (Rent-A-Center).There are also two banks in the outlots to the center that are not included in thesale.Westgate Square Shopping Center has recently undergone a major renovation.The exterior facade was redone in 2006, with the exception of the 54,000-squarefoot former mall. This portion was held pending tenant leasing requirements.The zoning of the property is Conditional Use, which gives a developer anopportunity to convert the spaces into a number of differ

The subject site is located in a primary Retail Corridor of Racine andcould easily be home to a variety of users. Westgate Square sits at thesecond busiest signalized intersection in Racine, with the area's #1Walgreen's located across the street.Racine, located on Lake Michigan, between the Milwaukee and Chicagometropolitan areas, offers a picturesque lake front and harbor makingRacine not only pleasurable, but a rewarding, relaxing and recreationalplace for your visit.Travel westward into the county to find a beautiful countryside, dottedwith small lakes, working dairy farms and many hiking/biking trails.Stop at a fresh produce stand, or take a tour at one of the manyspecialty farms in the area. A relaxing day in the country awaits you inRacine and Racine County.

Research for 4901 Washington Avenue, Racine, WI 53406 (Racine County)

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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P